PURPOSE OF THE ALLOCATION Sample Clauses

PURPOSE OF THE ALLOCATION. This Annex 1 constitutes an integral part of the Allocation Agreement (the “Allocation Agreement”) dated as of , between the United States Department of the Treasury (the “Treasury”) and the (the “Participating State”). Capitalized terms used herein and not defined herein shall have the respective meanings ascribed to them in the Allocation Agreement. The purpose of the Allocation is to assist the Participating State to increase the amount of capital made available by private lenders to small businesses through its Approved State Program. To accomplish this, the Participating State will undertake the following activities with the Allocated Funds under its Approved State Program: CAPITAL ACCESS PROGRAM (CAP) ANNEX 2
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PURPOSE OF THE ALLOCATION. This Annex 1 constitutes an integral part of the Allocation Agreement dated as of December 4, 2012, between the Treasury and the Participating Municipalities. The purpose of the Allocation is to assist the Participating Municipalities to increase the amount of capital made available by private lenders to small businesses through its Approved Municipal Programs. To accomplish this, the Participating Municipalities will use $3,000,000 of their Allocated Funds to support the new Seed Capital Network (SCN) program, a venture capital program that will create angel investment networks that will invest in eligible small businesses in the Participating Municipalities. The Participating Municipalities will use $10,168,350 of their Allocated Funds to support the new Credit Guarantee Program (CGP) will pledge up to 50 percent of the loan value in cash collateral to financial institution lenders for loan requests where there financial institutions have identified a collateral shortfall. Both the CGP and the SCN programs will be implemented by the Participating Municipalities, as identified in Annex 8, in accordance with the Cooperative Agreement.
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PURPOSE OF THE ALLOCATION. This Annex 1 constitutes an integral part of the Allocation Agreement (the “Allocation Agreement”) dated as of March 14, 2012, between the United States Department of the Treasury (the “Treasury”) and the Commonwealth of the Northern Mariana Islands (the “Participating State”). Capitalized terms used herein and not defined herein shall have the respective meanings ascribed to them in the Allocation Agreement. The purpose of the Allocation is to assist the Participating State to increase the amount of capital made available by private lenders to small businesses through its Approved State Program. To accomplish this, the Participating State will use $4,615,193 to support the new Commonwealth of the Northern Mariana Islands (CNMI) Loan Purchase Participation Program (LPPP), a loan participation program that will purchase a participation of up to 40% of the value of a loan made to an eligible small business. Additionally, the Participating State will use $8,553,157 to support the new CNMI Credit Support Program (CSP), a collateral support program that will pledge collateral of no more than 50% of the total principal amount of an eligible loan to small businesses. Both programs will be administered by the Department of Commerce (DOC), an agency of the territory.
Sample 1
PURPOSE OF THE ALLOCATION. This Annex 1 constitutes an integral part of the Allocation Agreement (the “Allocation Agreement”) dated as of February 14, 2012 between the United States Department of the Treasury (the “Treasury”) and the Municipality of Anchorage, Alaska (the “Participating Municipality”). Capitalized terms used herein and not defined herein shall have the respective meanings ascribed to them in the Allocation Agreement. The purpose of the Allocation is to assist the Participating Municipality to increase the amount of capital made available by private lenders to small businesses through its Approved Municipal Program. To accomplish this, the Participating Municipality will use $13,168,350 to support the new 49th State Angel Fund (49SAF), a municipal angel investment fund that will make equity investments in eligible small businesses. The 49SAF will be administered by the Anchorage Finance Department (AFD), a municipal department.
Sample 1

Related to PURPOSE OF THE ALLOCATION

  • Purpose of the Agreement ‌ The purpose of this Agreement is to authorize PDL NPDL to charter space to PFLG in the Trade (as hereinafter defined).

  • PURPOSE OF THE CONTRACT DSHS agrees to purchase, and Contractor agrees to provide, services or goods to the eligible populations.

  • Purpose of DPA The purpose of this DPA is to describe the duties and responsibilities to protect Student Data including compliance with all applicable federal, state, and local privacy laws, rules, and regulations, all as may be amended from time to time. In performing these services, the Provider shall be considered a School Official with a legitimate educational interest, and performing services otherwise provided by the LEA. Provider shall be under the direct control and supervision of the LEA, with respect to its use of Student Data

  • Purpose of Contract The purpose of this contract is to provide services in accordance with the terms and conditions specified in this contract including all attachments, forms, and exhibits which constitute the contract document.

  • Purpose of Evaluation 10.1.1 It is recognized that a system of evaluation is essential to assist Unit Members in developing competency and realizing their potential. It is further recognized that information gathered through such a system will enable decisions that measure a Unit Member’s performance in a just and equitable manner.

  • Purpose of the Processing The provision of the Services by the Data Processor to the Data Controller.

  • PURPOSE OF AGREEMENT 1.01 The purpose of this Agreement is to maintain harmonious and mutually beneficial relationships between the Employer, the employees and the Union, to set forth certain terms and conditions of employment relating to pay, hours of work, employee benefits, and general working conditions affecting employees covered by this Agreement and to ensure that all reasonable measures are provided for the safety and occupational health of the employees.

  • Purpose of Fee If an employee does not become a member of the Association during any membership year (i.e., from September 1 to the following August 31) which is covered in whole or in part by this Agreement, said employee will be required to pay a representation fee to the Association for that membership year. The purpose of this fee will be to offset the employee’s per capita cost of services rendered by the Association as majority representative.

  • Purpose of the Committee In order to xxxxxx better relations between the parties, the purpose of the Committee shall be to discuss matters of mutual concern including matters pertaining to the improvement of quality health care and safe nursing practice. The Committee shall have the power to make recommendations to the Union and to the Employer.

  • Sole purpose of the Concessionaire The Concessionaire having been set up for the sole purpose of exercising the rights and observing and performing its obligations and liabilities under this Agreement, the Concessionaire or any of its subsidiaries shall not, except with the previous written consent of the Authority, be or become directly or indirectly engaged, concerned or interested in any business other than as envisaged herein.

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